Government will keep a check on onion prices, will deposit 3 lakh metric tonnes in buffer stock
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New Delhi : The Modi government at the center wants to keep a check on the price of onions. That is why the government will maintain about 3 lakh tonnes of onions in the buffer stock in the current financial year 2023-24 season. Earlier in the year 2022-23, the government had maintained about 2.51 lakh metric tonnes of onions as buffer stock. Tell that buffer stock has to be created by the government to curb the prices of any commodity and to deal with the emergency, so that the supply of any commodity can be done smoothly in case of emergency.
Purchase of 2.51 lakh metric tonnes of onions in 2022
Union Food Minister Piyush Goyal has informed the Parliament in his written reply on Wednesday that in order to reduce the rising prices of onions, the government has procured a record 2.51 lakh metric tonnes from the rabi crop in the financial year 2022-23 under the Price Stabilization Fund (PSF). Tonnes and issued to major sales centers during September 2022 and January 2023. He said that for the current financial year 2023-24, the procurement of rabi crop onion has been increased to 3 lakh metric tonnes.
Rabi crop is harvested in April-June
In India, the rabi crop of onion is harvested from April to June and the kharif crop is harvested from October to November, due to which the demand of the consumers is met. The buffer stock created by the government is generally released through targeted sales in the open market and released to states, union territories and government agencies for supply through retail outlets during the low supply season. goes.
Farmers will get fair price
Let us tell you that in a statement issued on March 30, 2023, Union Minister Piyush Goyal said that in order to ensure fair price for the onion crop of the farmers, I have decided to increase the purchase of onions to three lakh tonnes this year from 2.5 lakh tonnes last year. Already ordered. He said that the National Co-operative Consumer Federation and the National Agricultural Co-operative Marketing Federation of India (NAFED) have also been instructed to buy the stock of ‘late sown Kharif’ crop, but the produce is not available in the markets as of now.
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